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Heather Grady: Impact Investing for Climate and Development

09/21/2014

This week, world leaders, business leaders and civil society will converge on New York City as they do every year for the United Nations General Assembly. The focus this year is on climate change, with tens and perhaps hundreds of thousands of people expected to march in The People’s Climate March on Sunday September 21, and a special one day Climate Summit convened by UN Secretary General Ban Ki Moon on Tuesday September 23. Additionally, at the UNGA, world leaders will be discussing the Sustainable Development Goals, a roadmap for the next 15 years of international development.

Suffice to say, this week will mark an incredibly important point in human history, as hopes are high for ambitious targets and goals to be set for both people and planet. But if lofty goals are set, where will the money come from to finance such high ambition?

Heather Grady, in the latest blog post produced by The B Team in partnership with Huffington Post describes the growing role impact investment can play in successfully financing social impact ventures. In this post, she highlights a major report released on September 15 by the G8 Social Impact Investment Task Force that calls for governments to play an increased role in catalysing investment in ‘Plan B’ entrepreneurs, and to facilitate the overall enabling environment for a Plan B economy.